BANGKOK: -- 7-Eleven, one of the largest chain of convenience stores in Thailand, announced it would raise the retail prices of over 500 consumer products next year, due to higher transportation costs, according to a senior executive of CP All, which operates the stores.
CP All managing- director, Piyawat Thitasatthaworakun said the producers and wholesalers of consumer products for 7-Eleven had requested to adjust product prices, because of the higher price of goods mainly resulting from rising oil price.
“The transportation cost has increased 30-50 per cent because of the skyrocketing oil price. CP All has asked the traders to delay the product prices rise until Jan 1, said Piyawat.
Mr. Piyawat said the price adjustment would not have any impact on the sale performance of the stores as the products available at 7-Eleven were necessities.
He said the price rise would not affect the target the company had to expand at the amount of 450-500 branches annually.
There are now 4,300 7-Eleven branches nationwide.
--TNA 2007-12-05
